This is clearly voter sentiment about AI in general and big tech in general.

Most voters don’t know what agents are. Many of my coworkers in tech can’t even define “agent” correctly.

So no, the world is likely not suddenly agreeing with you about “jagged performance.”

It's not only about the people who were elected, but 44/45 ballot initiatives specifically aimed at restricting or banning data center construction passed.

I think it is much simpler than that.

The Trump administration was expected to invest massively into AI, and money invested into AI is effectively free money for AI company shareholders, that free money is priced in the stocks. With the change in direction, investments are expected to be less, which means less free money, and therefore less valuable stocks.